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Art Auction

Tavistock Arts Market showcases unique art

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Source: Okehampton times

The Arts Market takes place in Tavistock’s historic Butchers Hall on the first Saturday of every month except January, and Friday dates have been added for the first time for the busier months in the calendar this year by popular demand. The next one takes place this Saturday, June 3.

Exhibitor Richard Albon Fine Art describes The Arts Market as ‘unique in offering a wide range of products and services not found on any high street. It covers art products in many forms by different types of artist offering something to suit a range of pockets and tastes. You are not only buying something special from one of our group but also buying a piece of the artist as there is generally a story behind much that is on show.

Read more: https://www.okehampton-today.co.uk/news/tavistock-arts-market-showcases-unique-art-617606

Art Auction

Caution reigns in Hong Kong 2024 spring art auctions, with US$12.2 million Yoshitomo Nara painting the top lot

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Source: South China Morning Post

Sotheby’s sells a painting by Japanese artist Nara for HK$96 million at its spring contemporary art sale, but total sales were down notably from last year.

The number of lots offered there and at Poly Auction’s spring sale was down on 2023 too. While records were set for several artists’ work, the mood was cautious.

Following the modest success of Art Basel Hong Kong, tightly managed auctions in Hong Kong over the weekend saw collectors dig deep for works by some of the biggest names in art, even if the high number of withdrawn lots and conservative pricing indicate that a full rebound in the art market remains elusive.

Read more: https://www.scmp.com/lifestyle/arts-culture/article/3258198/caution-reigns-hong-kong-2024-spring-art-auctions-us122-million-yoshitomo-nara-painting-top-lot

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Art Auction

Fab Four’s Hidden Palette: Beatles’ Rare Artwork Fetches $1.7 Million At Auction

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Source: Yahoo

The Beatles were musical geniuses whose album covers included iconic images, but they’re not necessarily known for creating their own visual art.

Turns out the Fab Four had artistic talents that extended beyond their musical prowess, and a painting made and signed by the band members appears to prove it. “Images of a Woman” sold for $1.7 million at a recent Christie’s auction.

Read more: https://finance.yahoo.com/news/fab-fours-hidden-palette-beatles-230521134.html

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Art Auction

Sotheby’s executive denies auction house’s culpability in art fraud claims

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Source: Courthhouse News Service

As a Russian billionaire’s case against the famed British auction house Sotheby’s continues, a senior executive at the famed fine art auction house took the stand Tuesday and denied the institution’s culpability in an art dealer’s price-gouging scheme.

In a 2018 lawsuit, Dmitry Rybolovlev claimed that, from 2003 to 2015, Swiss art dealer Yves Bouvier hiked up prices on 38 artworks he sold to the fertilizer tycoon while collecting a 2% commission fee on the eight- and nine-figure deals. In sum, Rybolovlev spent $2 billion on these deals.

“They were his works, he could do whatever he wanted with them,” Samuel Valette, Sotheby’s vice chairman for private sales worldwide, said in court Tuesday of Bouvier, who has faced criminal fraud charges in France, Monaco and Switzerland over his purported art price markups.

Read more: https://www.courthousenews.com/sothebys-executive-denies-auction-houses-culpability-in-art-fraud-claims/

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